Telecom Italia To Sell Mobile Towers

Italy | Telecommunications | Fri Nov 29, 2013

News: Telecom Italia plans to sell about 7,000 mobile towers in the country, while denying plans to sell its stake to Brazilian telecoms operator TIM Participações. The tower sale is expected to raise around EUR700mn (US$950mn), which will help pay down its US$38bn debt, which was downgraded to junk status by the ratings agencies. The operator intends selling the towers in a trade sale or will form a local joint venture.

BMI View: Telecom Italia has made a move to list its telecommunications tower business, rather than outright sellin...BMI View: Telecom Italia has made a move to list its telecommunications tower business, rather than outright selling it, a move which is key to the company's turnaround. ...

Telecom Italia will become an acquisition target as TelefÃ³nica seeks to exit the operator and the future of its Br...Telecom Italia will become an acquisition target as TelefÃ³nica seeks to exit the operator and the future of its Brazilian unit remains unclear. Weakness in the Italian t...

Related Podcasts

Europe's 20-year telecoms competition initiative has benefited millions of consumers and businesses through increas...Europe's 20-year telecoms competition initiative has benefited millions of consumers and businesses through increased choice and quality of service. However, this achieve...